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Newspaper
Ada Weekly News
Location
Ada, Oklahoma, United States of America
Date
Jan 20, 1949
Page
4
The Federal Reserve notes a shift in bond sales and redemptions in 1943. Series B bonds outstanding rose slightly to over 32 billion, underscoring persistent saving amid inflation fears. Savings have insulated the economy and may cushion a potential deflationary spiral.
Sam K. Grant, district sales chair, urges Pontotoc county residents to buy U S Savings Bonds. He cites local employment up and business strength, notes bonds help store future purchasing power, curb inflation, and shield against hard times. The Treasury and volunteers promote citizen education on the program.
The piece voices concern over a uniform traffic bill now before the state senate. It argues the bill as introduced may fail by reducing enforcement and raising the speed limit, undermining road safety. It notes speed’s link to half of highway accidents and advocates sixty miles per hour as sufficient.
A regional report notes farm mortgage totals in Oklahoma increased by about 1 percent in 1948 from the previous year, reaching roughly a million and a half dollars more. Analysts caution that unsettled conditions mean higher farm debt is not a positive sign, referencing past trouble when high prices eroded farmer savings. The piece also digresses into a literary aside about James Boswell and Samuel Johnson, arguing sobriety did not diminish Boswell’s writing and doubting originality in his biographies.
A columnist argues nations will use any weapon that could help win a conflict. The piece asserts that in a U S versus Russia war atomic bombs and other weapons would be considered if victory seemed possible and survival demanded action. It notes war’s cruelty and the desire to prevent conflict while acknowledging swift decisive measures may be used.
The piece argues the national debt totals about 287 billion dollars and assigns a per acre share of 113 dollars, or 225 dollars per usable acre, to cover the debt. It questions whether the debt can be paid in the lifetimes of current generations and suggests only drastic upheaval could shorten it.
The state department will undergo a thorough reorganization to create a more efficient working force. Officials say this is the era’s most important government phase, with U.S. leadership seen as pivotal to global fate.
The article argues for higher federal taxes to reduce debt and fund government services while cautioning against excessive rates that deter private investment. It notes public tolerance for taxes if essential benefits are provided and warns that services should pay their own way to avoid tax erosion.
The piece argues that on inauguration day the focus should be prayer and sober reflection rather than celebration. It notes Truman will take a heavy task and must delegate wisely while guiding a nation of about 150 million toward peace and prosperity, underscoring humility over jubilation.
A report notes influenza spreading in France with references to the 1918 Spanish flu era. The origin remains uncertain as authorities describe a long-standing feverish illness affecting regions for years. The piece emphasizes regional impact and the mystery of its mativity.
A lengthy analysis argues Bolshevism seeks ongoing war, not peace, urging Western powers to sustain collective security and defend home fronts. It cites Moscow propaganda aims, Western hesitation, and the Czech situation as demonstrating the peril of compromising with communism.
The notorious financier Charles Ponzi died in a Rio de Janeiro charity hospital ward. He had been semi paralyzed and nearly blind, with most sight gone from his right eye. Deported from the United States, Ponzi’s 1920 scheme promised 30 percent returns in 45 days, defrauding Americans of over 15 million dollars from more than 40,000 victims. Doctors cited hardened arteries and a brain blood clot as the cause of death.
Salina report states a B 29 Superfortress with twenty aboard crashed near Bochgoithead Scotland while returning to Smoky Hill from temporary duty in England. Search crews found no survivors. Listed crew included Ter Sgt Delbert Cole and Tech Sgt Frank Rebts with parental ties to Albion Nebraska and Malvern Arkansas.
Antlers announces a father and Tom Lamquet banquet at First Baptist Church with Leonard Scherrer presiding and Rev John G Heard delivering a message. A two night program includes a business session. A street improvement plan by Billy Amend proposes assessments, with Carl Oghmtrn aiding setup. Antlers Chamber to sign up property owners. Walls elected chair, Byrom Loy vice chairman, Ossurel secretary manager. Wells linked to civic work and March of Dimes chairmanship.
Mayor H. Huddleston reports Ada has rebuilt city equipment under council government. Since taking over, the city shifted from obsolete gear to updated machinery across departments, with total spending around 50,000 and 220,000 in related costs. Police, fire, street, sanitation, park, water, cemetery gear listed, including cars, trucks, meters, and tools.
Mrs. Lester V. Wiley, visiting from California with Rev Wiley and their two daughters, enjoyed snow in Oklahoma last night. She recalled mountains and past experiences, wished to see the ground white, and noted her children wore matching snowsuits.
IndianaPolis Jan 18 Race driver Ly Petile, jailed three months, was sentenced to ten years for the knife slashing of his former secretary Naomi Shodmey at a hotel in Indianapolis. Judge Wistar Dt Bain found Petile guilty of assault with intent to kill. The 45 year old driver, appealing, complained about the evidence.
A garbled report shows a cache of three silver dollars and six dollar bills valued then at $300, watched by George Shaw’s force. Two days later the coins became worthless, amid a nearby concern with 600 of them and Italy payroll envelopes for 23 workers.
The administration marks two years in office on January 13 and cites progress in farm to market road development funded by gasoline taxes. Completed 0.52 miles with 0.407 miles in construction, including bridges. County disparities persist and tax sharing varies. proposal supports eliminating the three-district road system to boost efficiency and accelerate road building.
Sobol in southeast Oklahoma seeks the Better Community award with a lively contest centered near Broken Bow. The 1948 contest closes February 28 after drought delays. The community earned a 1947 county prize for milk route progress and church buildings of native stone were dedicated after a large ceremony led by Reverend Leroy Crawford.
Nationalist north China appears to fragment as Nanking government teams prepare an order to disperse safety measures. Chiang Kai-shek remains in Nanking. Peiping reportedly at risk as Red forces encircle. Foreign embassies protest seizures while foreign offices shift southward. crews guard key oil and construction sites amid mounting instability.
A damaged de-icing at Tinker Air Force Base leaves the Pin %-B36 Bomber unable to depart for Fort Worth as a half foot of snow falls overnight. The Wright Patterson aircraft, with a crew of six and two civilian employees, stood out in the cold and will take the day to complete the de-icing before heading toward Carswell and Fort Worth.
Incomplete readable text lists names Mra Ha Butler Sr Ramnbow Girly and a group including Carl Sue Jacobs Carol Cantrell Mary Ann Galt Ariens Bryant Slending Prentice Glenne Kay Tones and Rossilene Hays connected to a temple and girls participation.
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